Canada’s Food Manufacturing Industry: Industrial Outlook Winter 2016
This report examines the short-and medium-term economic and profitability outlook for Canada’s Food Manufacturing Industry.
- Export Outlook—Industry export levels are at record highs. The combination of a weaker Canadian dollar and a stronger U.S. economy is expected to continue supporting export growth going forward.
- Live Animal Prices—Live animal prices have recently softened, led by declining hog and cattle prices. This is positive news for food manufacturers, given that live animals are one of the industry’s main production inputs.
- Canadian Consumers—Consumer spending is beginning to show signs of weakening. Slowing growth in disposable income over the near term could translate into weaker domestic demand for various processed foods.